While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has left the dollar's dominance intact, leaving the euro and sterling near multi-month lows. Beyond the worries of the U.S. central bank's measured rate cut path for 2025, investors are also grappling with how President-elect Donald Trump's policies will play out regarding inflation, growth and tariffs. European stock markets are set for a mellow open after Asian equities ended the week on a high, buoyed by South Korean shares.
South Korean investigators left the official residence of impeached President Yoon Suk Yeol after a near-six-hour standoff during which he defied their attempt to detain him. It’s the latest confrontation in a political crisis that has paralyzed South Korean politics and seen two heads of state impeached in under a month. The country’s anti-corruption agency said it withdrew its investigators after the presidential security service blocked them from entering Yoon’s residence for hours due to concerns about their safety.
The longest postseason in college football history is at hand. A look at the entire bowl lineup ending with the national title game on Jan. 20.